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Airtel Africa inducted into FTSE 100 Index

Updated at : 2022-01-27 14:35:02

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Airtel Africa Plc was listed on London Stock Exchange in late-June 2019.

Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing.

The Relative Strength Index of the stock stood at 26.76 on Thursday.

Analysts expect that the divestment targets for the new financial year are likely to be elevated, though a lot will depend upon the proposed initial public offering (IPO) of Life Insurance Company of India (LIC).

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Edelweiss Securities said industry wish list includes subsidy allocation towards urea and nutrient-based fertilisers. This will be positive for fertiliser players given most of them have been facing constraints in passing through raw material costs to end customers, it added.

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EBITDA (Earnings before income, taxes, depreciation and amortization) grew 11 per cent to 19.40 crore during the quarter from Rs 17.45 crore in the year-ago period.

“The macro setup is not yet good and we will continue to live with a lot of volatility without any remarkable gains in the asset market.”

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Meta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond social networking into e-commerce and global payments.

The Nikkei share average lost 3.11% to 26,170, its lowest close since Nov. 24, 2020. The index, which fell for a third straight day, marked its biggest daily decline since June 21, 2021.

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The Relative Strength Index of the stock stood at 21.33 on Thursday.

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